As the founder of Tesla and SpaceX, Elon Musk has grown his fortune to over $200 billion. In 2014, the company’s market share hit $500 billion, an all-time high for an electric automobile company. The entrepreneur’s net worth climbed to more than $200 billion this year, up 42.4% over the year before. This is largely due to incomes from SpaceX, which charges various clients to launch stuff into space.
Elon Musk’s net worth has grown as his business continues to grow. He currently owns $241.6 billion, which makes him one of the world’s richest people. However, Musk is not known for emphasizing his wealth. He has sold off his big homes in California and moved to a modest Texas house, limiting himself to reinvesting cash in Tesla stock. Musk also gives away a significant portion of his cash, donating it to charity.
As a father of five, Elon Musk is a highly ambitious man with a high IQ. He has reportedly stated that material possessions are not important. Despite this, Musk has accumulated a massive net worth and is expected to become the world’s first trillionaire by 2024. In addition to his wealth, Elon Musk is also the CEO of two of the world’s largest companies, Tesla and SpaceX.
While Jeff Bezos and Bill Gates became the first billionaires, Elon Musk has only recently begun to join the ranks of those billionaires. Musk’s booming space exploration company SpaceX has already become the world’s most valuable company. If he is successful, he could become the second-richest person in history, right after Jeff Bezos. The soaring stock of Tesla could eventually hit the $1,500 mark, according to Ark Invest Management, which is a long-time bull of the stock.
In addition to SpaceX and Tesla, Musk has created other companies as well. He co-founded Zip2 with his brother. This online software company later became PayPal. When eBay bought the company, Elon Musk’s shares rose to 11 percent, making him a Trillionaire. Musk also endorsed the presidential ambitions of rapper Kanye West. The company became a worldwide sensation in 2000.
Musk’s net worth is on the rise, with analysts predicting that he will become the first trillionaire by 2024. His companies are highly valued, with Tesla alone worth $800 billion. His other companies, SpaceX and SolarCity, are privately held and will remain so until the Mars Colonial Transporter is in operation. Aside from Tesla, Musk’s space-flying rocket could soon become the largest in the world, making him the richest man in history.
Earlier this year, Musk gave away $5 billion worth of Tesla shares. In the process, he signed the Giving Pledge, a campaign spearheaded by Warren Buffett and Bill Gates to donate most of their wealth to charity. As part of his pledge, Elon Musk gave away $6 billion worth of Tesla stock by 2021. The donations are to unnamed charities. After these recent actions, Musk will still own more than one hundred million shares of the electric car company.
In a recent Bloomberg Billionaires Index, Musk became the world’s richest person. He surpassed Jeff Bezos, the former CEO of Amazon, to take the top spot. Elon’s net worth is $188 billion, which makes him the richest man in the world. Bezos was number one since October, but was passed by Musk in February. If Musk continues this pace, he could become the second richest person in the world.
Despite the high level of public opinion, there is a lot of controversy surrounding Musk’s net worth. Despite his success, he is notorious for working late at night. As CEO of SpaceX, Musk is known to work until one or two in the morning. Perhaps he considers sleep to be a barrier to work? However, Forbes reported that Bill Gates’ net worth increased by $4 billion. He earns $10,959 a day, $456,625 per hour, and $7160 per minute – $127/second.